107 Northpointe Blvd Elkhart, IN 46514
For Lease
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This exceptional investment opportunity presents the chance to acquire two established Perkins Restaurant locations in Elkhart, Indiana. The combined asking price for both properties is $1,895,000. The Elkhart location, situated at 107 Northpointe Blvd, Elkhart, IN 46514, includes the real estate in the sale. This 5,264 square foot storefront sits on a 0.89-acre lot (APN: 20-02-20-251-035.000-027) and boasts a prime location on Cassopolis St/SR 19, directly off the I-80/90 exit. The property, built in 1995, benefits from a high-density hotel area surrounding it, ensuring consistent customer traffic. The sale includes the franchise, goodwill, furnishings, fixtures, and equipment. The business generates gross revenue exceeding $1.1 million annually. Importantly, local management will remain in place post-sale, providing continuity and operational expertise. The property is zoned for commercial use. This is a turnkey opportunity to own a profitable, established restaurant business with significant growth potential. The South Bend location must be purchased concurrently with the Elkhart location to complete the acquisition. This is a rare chance to own a well-established, high-performing restaurant franchise in a prime location.
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Elkhart Breakfast Optimist Club Nightclub Music Venue
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Perkins Restaurant & Bakery Restaurant
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MrBeast Burger Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Elkhart, INElkhart. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.